Space Exploration Technologies (SPCX) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Space Exploration Technologies reported total assets of $92.08B and total liabilities of $50.75B. Shareholders' equity was $41.33B, up 60.1% from $25.80B a year earlier. Total debt stood at $22.90B against $24.75B in cash and short-term investments, a net cash position of $1.85B. That puts debt-to-equity at 0.55, compared with 0.53 a year earlier.

Space Exploration Technologies Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Space Exploration Technologies Corp. (SPCX) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Current Assets
Cash and Cash Equivalents	24.75	11.39	-
Short-Term Investments	0.00	0.80	-
Cash & Short-Term Investments	24.75	12.19	-
Accounts Receivable	1.58	1.05	-
Inventory	2.42	2.00	-
Other Current Assets	2.21	0.37	-
Total Current Assets	30.95	16.11	-
Non-Current Assets
Property, Plant & Equipment (Net)	43.86	22.83	-
Goodwill	11.81	11.13	-
Intangible Assets	1.55	3.96	-
Other Non-Current Assets	3.91	2.34	-
Total Non-Current Assets	61.12	40.95	-
Total Assets	92.08	57.06	-
Current Liabilities
Accounts Payable	11.79	4.41	-
Short-Term Debt	0.93	0.37	-
Current Portion of Long-Term Debt	0.93	0.37	-
Accrued Liabilities	2.57	0.48	-
Deferred Revenue	6.11	5.50	-
Other Current Liabilities	0.85	0.53	-
Total Current Liabilities	21.40	11.79	-
Non-Current Liabilities
Long-Term Debt	21.97	13.42	-
Other Non-Current Liabilities	7.39	1.37	-
Total Non-Current Liabilities	29.35	19.47	-
Total Liabilities	50.75	31.26	-
Stockholders' Equity
Common Stock	0.00	0.00	-
Retained Earnings	-37.04	-32.10	-
Accumulated Other Comprehensive Income	1.90	1.09	-
Additional Paid-in Capital	37.71	35.87	-
Shares Outstanding	13.08	13.08	-
Total Stockholders' Equity	41.33	25.80	-
Total Liabilities & Equity	92.08	57.06	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Space Exploration Technologies Balance Sheet

How much debt does Space Exploration Technologies have?

Space Exploration Technologies had total debt of $22.90B as of Dec 31, 2025, against $24.75B in cash and short-term investments. Its debt-to-equity ratio was 0.55. Total debt was $13.79B a year earlier.

What are Space Exploration Technologies's total assets?

Space Exploration Technologies reported total assets of $92.08B as of Dec 31, 2025, up 61.4% from $57.06B a year earlier. Total liabilities were $50.75B.

What is Space Exploration Technologies's shareholders' equity?

Space Exploration Technologies's shareholders' equity was $41.33B as of Dec 31, 2025, or about $3.16 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition